SK Planet announced on July 2 that its patent of High Efficiency Video Coding (HEVC) has been registered in the HEVC international standard patent sector of international patent pool licensing corporation MPEG LA.
The company said that it can now expect stable royalties for the next ten years with the registration.
The HEVC, which was patented by SK Planet, is a next-generation video compression standard designed to maximize memory efficiency by improving data compression ratio on ultra high definition video. It is considered an essential core technology to popularize next generation higher resolution HDTV video displays in the future.
The HEVC is used in more than 120 million mobile phones including the iPhone 6 and the Galaxy S6 currently on sale. Also, it will be used in mobile phones and imaging devices which are scheduled to hit the market from the second half of this year.
As more and more consumers are recently using mobile devices like smartphones to watch videos, the technology is expected to improve the services of broadcasting companies and Internet Protocol Television (IPTV) service providers, which offer UHD videos, as well as mobile phone manufacturers and mobile service providers in the future.
Starting operation in 1997, MPEG LA is a company that licenses patent pools covering essential patents in the communications, multimedia, and platform sectors. It is authorized the licensing rights from licensors of patents and sell them to licensee. Then, it sends royalties to the licensors.
As of 2015, there are 31 companies, including Apple and Samsung Electronics, are registered as HEVC licensors in MPEG LA. Currently, the company is also managing 603 patents in 49 countries around the world.